The Rajasthan Commercial Taxes Department vide Notification No. F.16(100)/Tax/CCT14-15/2042 dated October 12, 2020 amended Notification No. F.16 (100) Tax/CCT/14. 15/726 dated June 20, 2017 to extend the date for Input Tax Credit (“ITC”) verification till December 31, 2020. Relevant extract is reproduced below:
“(i) In clause 1, for the existing expression “30.09.2020”, the expression “31.12.2020” shall be substituted;
(ii) After the existing clause 2, the following expression shall be inserted namely:
“However, in cases other than those where verification leads to forwarding of excess ITC or refund, the assessing authority of the purchasing dealer may verify the details of purchases from the returns of the selling dealer including Part I or Part II of Form VAT-08A. If the purchases are verified and no demand of tax pertaining to the said period is pending against the selling dealer, then the assessing authority shall allow the claim of ITC to the purchasing dealer and put a note regarding the verification of demand in the Demand and Collection Register and also communicate the same to the dealer and proceed to close the task.””
The Notification can be accessed at: http://rajtax.gov.in/vatweb/download/cir_noti/NOCC/2042_121020.pdf